Before the turn of innovation, chief financial officers (CFO) had been responsible for all financial movements within a company. They are responsible for the accuracy of the company’s books, providing financial statements and statutory compliance.  However, with the growing demands of the finance and accounting (F&A) industry, the responsibilities of a CFO also extended beyond its breadth by welcoming employee management duties and deploying strategic plans for the company.

In any company, implementing change can be a challenge. As modern organizations continue to evolve to keep up with technological advancements, changing regulations, and economic and political volatility, organizational change management is necessary.  

With the wave of innovation rushing through the years, the finance and accounting (F&A) industry witnessed the evolution towards a more streamlined and cost-effective process for businesses. However, even with these drastic changes onboard, one thing has remained constant: our continual consumption of paper in our transactions. 

If your organization has been steadily growing in the past few years and your human resources (HR) team is neck-deep in paperwork and missed deadlines, it might be time to adopt a human resource information system (HRIS). 

Venturing into a small business is an exciting milestone, especially when it is your first one. Expectations are high and you are eager to meet them in a matter of a few years. Owners set immediate growth as a benchmark for their success during the early maturation of their business, which translates into frustration if not reached at the expected timeline.

Fintech has been disrupting the finance and accounting industries for more than six decades now. As CFO, it’s crucial that you stay up to date with these upcoming fintech trends for 2020.